DFM heading south?Market is getting weaker day by day but interesting part is its not making any big moves to down its climbing slowly. As mentioned earlier 2050 is a crucial support area for this uptrend to sustain i would see a sign of relief it makes a hammer or a doji candle tomorrow to hold at this level. If it wants to break this important level it has to break it with a big decisive candle with a strong momentum. As per my analysis it should take a hold from tomorrow. If it has to make a W pattern at this level it has to hold 2050 area and cross 2120 to confirm the W pattern and resume the uptrend. Lets not forget trend line is broken already and market is just at the near support area. We have to wait for tomorrows closing which will be very important. I am bullish till the market is above 2050 level.
Hit like & follow :)